1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
STatiana [176]
3 years ago
13

You are the manager of a medium-sized farm with 100 acres of workable land. You can farm the land yourself, rent the land to ano

ther farmer for $2,000 per acre, or sell the land to a developed for $40,000 per acre. You have an investment opportunity that pays a return of 6 percent a year. If you decide to farm the land yourself, your opportunity cost for a year will be
Business
1 answer:
Ainat [17]3 years ago
3 0

Answer:

The opportunity cost for a year will be $240,000.

Explanation:

The opportunity cost of any decision is the second-best alternative that is given up or sacrificed.  

Here, the manager has a farm of 100 acres of land.  

If he sells it to a developer for $40,000 per acre, he will get $4,000,000 for the whole land.  

He can invest this amount and get an interest of 6% per year.  

The opportunity cost of keeping the farm to the manager himself will be

= 6% of $4,000,000

= \frac{6}{100}\ \times\ \$ 4,000,000

= $240,000

You might be interested in
Asset C3PO has a depreciable base of $16.5 million and a service life of 10 years. What would the accumulated depreciation be at
Mariulka [41]

Answer:

Accumulated depreciation at the end of year 5 is $12 million

Explanation:

The relevant number of years with which to depreciate the asset is from 1 to 10, however these numbers are taking in descending in order to have more depreciation in early years and less in later years.

Years              relevant weighting number

1                               10

2                               9

3                               8

4                                7

5                                 6

6                                 5

7                                 4

8                                 3

9                                  2

10                                 <u> 1</u>

Total weighting           55

The accumulated depreciation at the end of year 5 would depreciation from  year 1 to year 5 calculated as shown below:

(10+9+8+7+6)/55*$16.5 million=$12 million

In other words, at the end of year $12 million would have been charged as expense to income statement.

8 0
3 years ago
Beyond standard benefits like vacation time, sick leave, and health
CaHeK987 [17]

Answer:

Higher salary, retirement plan

Explanation:

Before an employee takes up a job like this over what a rival business is offering, he checks the various benefits that each of these jobs has to offer him. Some of these are vacation time, sick leave etc.

But one very crucial determining factor is salary. Lots of people take up jobs with the pay in mind first. A higher salary makes a job more attractive to an employee. If the business is offering a higher salary, chances are that this employee would consider it to be more attractive. Also a job that offers retirement benefits is also attractive.

8 0
2 years ago
The function that serves as an intermediary between an organization shipping a product and the actual carrier is.
Tatiana [17]

The function that serves as an intermediary between an organization shipping a product and the actual carrier is Customer Broker.

<h3>What is Custom brokers?</h3>
  • Custom brokers , also known as customs house brokers, are roles that may be held by or linked to customs brokerage firms, independent companies, shipping lines, importers, exporters, independent businesses, and freight forwarders.
  • Those who hold a license as a customs broker are not considered to be "customs officials" by the government (in other countries the two terms may be interchangeable). The tariff schedule, a list of duty rates for imported goods, CATAIR, the legal and administrative requirements controlling importations, and other trade-related issues must all be known to customs brokers.
  • For instance, a customs broker can be required to inform an importer of the country-specific marking requirements or complete the paperwork for a consignment of clothes that is subject to quotas and visa restrictions.
  • It is possible to prevent delays, item seizures, and fines and penalties that may be imposed against the importer and/or broker by being aware of the criteria for each type of import.

To know more about Customer Broker with the given link

brainly.com/question/14856818

#SPJ4

7 0
1 year ago
Suppose that in a year an American worker can produce 100 shirts or 20 computers and a Chinese worker can produce 100 shirts or
Alexeev081 [22]
A ....................
5 0
3 years ago
after you analyzed demand, you took steps to make sure your business made sense financially. How will thinking on the margin hel
svetlana [45]

Answer:

Thinking on the margin will ensure that each pair of inserts produced is turning a profit. Once a profit is no longer being made on a pair of inserts, production must be cut back. Understanding these margins will also help me stay competitive in a market that is open to other producers. If additional producers enter the market, I know that I have the ability to lower prices or offer discounts while still maximizing profits.

Explanation:

4 0
3 years ago
Other questions:
  • B. the product of abcgolf uses several exotic raw materials. the government places a tax on those raw materials, and the mc and
    5·1 answer
  • Which job in the Finance career would be best for someone who had knowledge of banking and credit systems and the ability to rep
    13·2 answers
  • Consider an income guarantee program with an income guarantee of $6,000 and a benefit reduction rate of 50%. A person can work u
    7·1 answer
  • lue Box Beach Chairs has the following standards to make beach chairs: Standard Quantity Standard Price Direct materials 2.2 pou
    9·1 answer
  • Items that regularly appear on the financial statements of Maple Park Theatres Corp. The amounts shown for balance sheet items a
    14·1 answer
  • What services does the Purdue University Online Writing Lab (OWL) offer?
    8·1 answer
  • Nia is editing a row in an Access table. The row contains the Pencil icon on the left end of the record. What does
    12·1 answer
  • brian is struggling with the choice of publishing his new book, how to cook polish barbeque, as an e-book or a paperback. brian
    8·1 answer
  • As a recently hired financial analyst, you have been asked to analyze the efficiency with which Caterpillar has been managing it
    5·1 answer
  • Power that organizes and orchestrates the systemic interaction within and among societies is an example of?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!